Date of Release: September 14, 2015

On September 12th and 13th, 2015, the Fund Practitioners Qualification Examination which had been suspended for two years was successfully held simultaneously in 48 cities nationwide. ATA provided computerised examination services for the entire tesing process from technology platform, test site arrangement, delivery and test room monitoring, to score processingand data analysis.

This exam was sponsored by the Asset Management Association of China (AMAC). Since 2003, the Fund Practitioners Qualification Exam, a part of the Securities Qualification Examination system, had always been organized by Securities Association of China (SAC). In order to implement the new Law on Securities Investment Fund, the Ministry of Finance and the National Development and Reform Commission issued the Notice on the Re-promulgating of  the Administrative Charging Items of China Securities Regulatory Commission (CSRC) at the end of January, 2015, (Finance & Taxation〔2015〕No. 20), clarifying the charging items of Fund Practitioners Qualification Exam sponsored by AMAC; since then the Fund Practitioners Qualification Exam has been formally transferred from SAC to AMAC.

The Law on Securities Investment Fund stipulates that those fund practitioners should be in possession of fund qualifications; and along with the transformation of sales methods via the Internet, and the rise in the variety and complexity of product types, the Fund Sales Qualification exams which only targeted personnel for fund promotion and those responsible for operation and maintenance of the Fund Sales Information Management Platform System, shall be abolished and included into the Fund Practitioners Qualification Exam.

AMAC has drawn lessons from both national and international experience and from the suggestions provided by all involved parties in previous years, and has conducted an adjustment of examination content in order to adapt to the new form of industry development. Following adjustment, the examination is focusing more on practical application, primarily testing the basic knowledge and specialist skills required for fund practitioners. The examination content covers seven sections of fundamental knowledge, including overview of the fund industry, laws and regulations and professional conduct, investment management, operations management, sales management, internal control and compliance management, and internationalisation.

AMAC will organize the second national unified Fund Practitioners Qualification Examination in December to meet the needs of test-takers in accordance with the annual examination plan released for 2015, and AMAC will also organize reservation type of the Fund Practitioners Qualification Exam at the end of October and November. The test-takers can check on AMAC’s official website （www.amac.org.cn） for examination announcements and up-to-date information.

(If there is any inconsistency or conflict between the English and Chinese version, the Chinese version shall prevail.)